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SALT LAKE CITY, UT -- (Marketwire) -- 05/24/12 -- Venafi, the inventor and market leader in Enterprise Key and Certificate Management (EKCM) solutions, today announced that Venafi Encryption Director™ 6 (Director 6) won the Software & Information Industry Association's 2012 CODiE Award for Best Security Solution. SIIA, the principal trade association for the software and digital content industries, announced Venafi's win on May 10 during their annual CODiE Awards winner presentations.

The SIIA's rigorous selection process has made its CODiE Awards among the industry's most prestigious product awards. The Best Security Solution award recognizes the most innovative security solution for protecting enterprise IT systems and networks against outages and breaches, and helping organizations achieve strong audit and compliance postures.

This CODiE Award recognition confirms that Director 6 is an outstanding product to help organizations manage the widest-possible range of certificates and encryption keys in use today -- including symmetric keys, SSH keys, asymmetric keys and digital certificates.

"This year's winners reflect excellence and vision, and Venafi demonstrated an innovative and valuable approach to information security management, an often overlooked but critical component of information security processes," said SIIA Software Division Vice President Rhianna Collier. "I'm proud to congratulate Venafi on the success of its security and compliance management solution."

"We are honored to be selected as the winner of this prestigious industry award," said Gregory Webb, Venafi Vice President of Marketing. "Moreover, we are encouraged that an organization as respected as the SIIA recognizes that effective encryption key and certificate management is a cornerstone of every information security program."

Increased dependence on encryption keys and digital certificates -- to protect information and authenticate systems and users in the data center, the cloud and on mobile devices -- requires effective controls. Organizations that fail to deploy and manage these security instruments subject themselves to data breaches, audit failures and unplanned outages, with increasing frequency and cost. Many of the world's largest enterprises have deployed Venafi Encryption Director to eliminate the inherently unmanageable and unquantified risks of manual management.

"Our experience in working with the world's largest companies continues to reveal the same conclusions -- enterprises using manual processes have inaccurate and incomplete information about their certificate and key inventories. This increases their risks of failed audits, business disruptions and breaches," said Webb.

With Director 6, organizations can scale encryption deployments and management functionality across the enterprise as the need grows to protect more data and authenticate more systems, applications and devices. Learn more at www.venafi.com/Director6.

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For more information about the CODiE Awards, visit http://www.siia.net/codies

About SIIA
The Software & Information Industry Association (SIIA) is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education, and intellectual property protection to more than 500 leading software and information companies. The SIIA Software Division provides a forum for companies developing the applications, services, infrastructure and tools that are driving the software and services industry forward. For further information, visit www.siia.net/software

About the SIIA CODiE™ Awards
The SIIA CODiE™ Awards, originally called the Excellence in Software Awards, were established in 1986 by the Software Publishers Association (SPA), now the Software & Information Industry Association (SIIA), so that pioneers of the then-nascent software industry could evaluate and honor each other's work. Since then, the CODiE Awards program has carried out the same purpose -- to showcase the software and information industry's finest products and services and to honor excellence in corporate achievement.

About Venafi
Venafi is the inventor of and market leader in enterprise key and certificate management (EKCM) solutions. Venafi delivered the first enterprise-class solution to automate the provisioning, discovery, monitoring and management of digital certificates and encryption keys -- from the datacenter to the cloud and beyond -- built specifically for encryption management interoperability across heterogeneous environments. Venafi products reduce the unquantified and unmanaged risks associated with encryption deployments, risks that result in data breaches, security audit failures and unplanned system outages. Venafi also publishes best practices for effective key and certificate management at www.venafi.com/best-practices. Venafi customers include the world's most prestigious Global 2000 organizations in financial services, insurance, high tech, telecommunications, aerospace, healthcare and retail. Venafi is backed by top-tier venture capital funds, including Foundation Capital, Pelion Venture Partners and Origin Partners. For more information, visit www.venafi.com.